Bankrupt · Opening faillissement (CBE)

MPower 58

BE0662894436

Rechtspersoon Private limited company 1 establishment

MPower 58 is a market trader in Genk. Private Limited, started on 23 September 2016, 1 establishment.

Essenlaan 11, 3600 Genk

Behind the company: Fatih KARATAS.

Start date

23 September 2016

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Tight liquidity NBB

    Cash and receivables cover 4 % of short-term debt in 2023; threshold 65 %.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2023

MPower 58 from Genk, company number BE0662894436, closed financial year 2023 with a result of € 28,050 after tax. For that financial year MPower 58 recorded a gross margin of € 39,428 and equity of € 20,681. Compared with financial year 2022, the result moved from € 38,665 to € 28,050. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 23, 2024.

What it is worth Growing

€ 20,681

▲ € 28,050 vs 2022

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 28,050

▼ 27% vs 2022

Profit after tax over the fiscal year.

Cash in the bank

€ 388

▲ 107% vs 2022

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2023. Retained profit grew to € 2,081.

People and assets in 2023

Full-time equivalents estimate

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Wage cost estimate

€ 445

▲ € 415 vs 2022

No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.

Vehicles and equipment

€ 22,015

Book value of vehicles, furniture and equipment.

Debts at end 2023

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 12,877

▼ 29% vs 2022

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 14,849

▼ 39% vs 2022

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

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Key figures per fiscal year Download key figures (CSV)
202120222023Change 2022 → 2023
Gross margin € -23,700 € 47,722 € 39,428 ▼ 17%
Profit after taxes € -35,448 € 38,665 € 28,050 ▼ 27%
Equity € -46,034 € -7,370 € 20,681 ▲ € 28,050
Total debts € 115,624 € 48,707 € 28,803 ▼ 41%
Cash € 258 € 188 € 388 ▲ 107%
Retained profit € -64,634 € -25,970 € 2,081 ▲ € 28,050
Balance sheet total € 69,590 € 41,337 € 49,484 ▲ 20%

Key figures of MPower 58, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.

What happened to MPower 58?

What happened at MPower 58 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

MPower 58 is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2023: profit of € 28,050 (▼ 27% vs 2022). filed late Source: NBB ↗
  • Fatih KARATAS became a director. NBB
  • New establishment in Genk. KBO
  • Start of the company according to the CBE. KBO

In short

From € 35,448 loss in 2021 to € 28,050 profit in 2023.

Paid € 3,340 in corporate taxes since 2021.

Best year ever: 2022, with € 38,665 profit.

Management

Fatih KARATAS
MPower 58

Behind MPower 58 is Fatih KARATAS.

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Directors

According to the 2023 annual accounts

Fatih KARATAS

Director

since 2019

Establishments

Establishment units

Physical locations of this company

Registered office

Essenlaan 11

3600 Genk

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0662.894.436
VAT number
BE 0662.894.436
Registered office
Essenlaan 11, 3600 Genk
Names & denominations
MPower 58
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
23 September 2016
Peppol
Not registered
Activities · NACE

Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)

Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)

Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)

Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)

Frequently asked questions

What does MPower 58 do?
MPower 58 is a market trader in Genk. Private Limited, started on 23 September 2016, 1 establishment.
What is the address of MPower 58?
The registered office of MPower 58 is located at Essenlaan 11, 3600 Genk.
Is MPower 58 still active?
No. The CBE lists MPower 58 with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is MPower 58 registered on Peppol?
No, MPower 58 is currently not registered on the Peppol network.
What is the enterprise number of MPower 58?
The enterprise number of MPower 58 is BE0662894436.
When was MPower 58 founded?
MPower 58 was founded on 23 September 2016.